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Schaeuble Proposes A Trade: US Takes Greece, Germany Takes Puerto Rico
Incorrigible German Finance Minister Wolfgang Schaeuble — who, as a reminder, is enjoying all-time high approval ratings at home thanks to his hardline stance towards Greece — spoke on Thursday at an event hosted by the Bundesbank in Frankfurt and had some interesting things to say about the Greeks and their prospects for remaining in the euro and obtaining the IMF-supported debt relief. Here are some highlights.
Via Bloomberg:
- SCHAEUBLE: LEEWAY FOR GREEK DEBT REPROFILING VERY SMALL
- SCHAEUBLE SAYS IMF TOLD HIM NOT TO BE TOO LAX TOWARD GREECE
"We have to consider the acute problem of Greece at the moment. The banks are closed, capital controls have been introduced, nobody knows when the bank holiday will end, nobody knows when this will end”
And from MNI:
- SCHAEUBLE: OFFERED LEW TO TAKE PUERTO RICO IF US TAKES GREECE
- SCHAEUBLE: GREEK FINMIN SAID DEBT RELIEF WON'T SOLVE PROBLEMS
Granted, this is a joke, but still: the simmering conflict between the US and Germany on how to "resolve" the Greek crisis has just been laid out bare for all to see.
Its resolution will be quite entertaining. As for our question of the day, it is as follows: what would be the best name for the newest US state: Puerto Greeko or is it Puerto Grico?
Retweet for Puerto Greeko
Favorite for Puerto Grico... (please don't)
— zerohedge (@zerohedge) July 9, 2015
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Schaeuble takes 2nd exit to the right
Do it!!!!!!!!!!!
Versus ...
We the people: first we take Manhattan, than we take Berlin.
Sold! hahah sucker enjoy!
Hey, Kraut Face Chow Bull..
Our beloved PR’s only owe 80B and they are municipal bonds owed to PRIVATE creditors, this is their problem, not the taxpayers.
Take your bad comparison and stick it where the hops don’t shine.
This may be the first time in recorded history that a German has displayed a sense of humor...
Either that, or he just doesn't know that a Socialist Paradise in The Med is worth way more than a Capitalist Hell in the Caribbean.
He should have checked here:
http://www.myresortnetwork.com/timeshare-appraisal/
What can this report do for you? To determine the value of the island(s)
that you want to buy or sell you can obtain a timeshare price report.
This is not an appraiser that will provide an estimate of the
market value, but a tool that gives you all the price information on
sold units to help you determine the proper price..
Need to know your Market Value? timeshare values
If you want to sell your timeshare, obtaining a time
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to ask too little and give money away and you don't want to ask to much
and not be able to sell it.
If you want to buy an island(s), obtaining a time share market report will prevent you from paying too much for the island(s) or points.
Are you thinking about selling your island(s), but you don't know a
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timeshare to other similar timeshares that have sold on the resale
market.
Since the IMF already holds the debt on Greece, haven't we already bought it?
Germans DO have a sense of humor:
https://www.youtube.com/watch?v=k6t0oMhToO4
greece has millions of blacks and arabs invading it right now, it will look like detroit in a couple years.
A riddle for you all.
Puerto Rico IRS tax payment delivery home base, is a Commonwealth....why?
Maybe Puerto Rico isnt ours to trade? It is a hub of royal tidings?
Does the crown only own the FED, or are there some Jesiut Juice in there too?
RIDDLES
RIPS
Does anyone really think that Merkle and Schaube give a shit what POTUS wants? The fact that they threw this out to Jack Lew speaks volumes about how seriously they areconsidering POTUS's requests.
< Puerto Rican women.
< Greek women.
Greek:
https://martinfletcher.files.wordpress.com/2014/09/02-hairy-woman.jpg
Puerto Ricanse:
http://dlp2gfjvaz867.cloudfront.net/product_photos/2266310/puerto-rican-...
And a smile - he actually smiled!
of course. European politicians always smile when they say "Fuck Off, I'm sick of you pushing in this matter" when talking with Uncle Sam
otherwise, it would be offending, and we don't want that, do we?
and this, in a nutshell, is what Schaeuble is telling Washington: stop pushing about "you gotta do something about Greece"
as a reminder, he was talking with Lew, the US Treasury Secretary. it could have been worse, like when those Chinese students were laughing their asses off
Hey Ghordius, I'm sure you enjoyed watching the Farage video posted earlier? Even better was the video involving the "Debate" over TTIP and the usual disgraceful disregard for EU rules when something is being shoved through without regard for democratic processes? Did the EUP learn this from CONgress?
And please mind your language..
PAY UP EUROLANDER!
WE WANT GERMANY TOO!
PAY UP EUROLANDER!
WE WANT GERMANY TOO!
I think I am on the record here on ZH to have often railed against the TTIP. in fact, if it goes through, imo it's time to disband the EU (but not the eurozone)
where did you see the link about that debate?
https://youtu.be/lClQ3p8TQL4
Enjoy. What a disgrace...
ah ... that'll be his body-double then. ;-)
It would be a really positive outcome, if for the wrong reasons, if Europe would finally stand up to Washingtom and develop an independent foreign policy. Greece has always been a political issue both internally in Germany and externally in the EU. But the IMF (Read Washington) has clearly tried to intervene and demand that the EU "Fix" the Greece issue because it doesn't want to see Greece, a NATO member, falling into the open arms of Russia and China. So, if Germany will stand up to Washingtom over Greece, why not over Russia and The Ukraine? Or is that where those NSA dossiers kick in?
Ghordius? Why can't Europenas be free?
'cause EuroPenii are pussy whips.
If Euro Sovereigns are run centrally by Brussels/Germany and those two Shit-shows are vassals of Vichy DC then what the fuck does that make european citizens?
EXACTLY!
if I could really answer this in one short comment, I would call myself a literary and political genius. alas, I am not, by far
we are allies. and friends. and partners in business and trade. and relatives
generally speaking, we love America
years ago Niall Ferguson brought this picture: America the beautiful wife. Once with one husband, Europe. Now with a second one, China
marriages aren't always easy, are they? and things change, sometimes slowly, sometimes faster
Then you are truly a fool. Washington doesn't give a S**t about you, it just wants you to be a Vassal. To quote PCR, "Washington doesn't want Partners, it wants Vassals". When will Europe gorow up, grow a pair and stand up for itself?
philip why get annoyed, this is exactly how eurocrats see the US. An ally to rely upon especially regarding security as partners on equal footing and that is why the US is able to lead the EU dancing in front of the Russian bear and Chinese dragon until it falls over and gets eaten by both...
And to Ghordi, you should know better: this marriage has been abusive but if Merkel does fold in front of Obama regarding Greece I will shed no tear if Germans get even more disillusioned by the EU and the transfer of wealth from north to south just to further American interests.
The only reason why the "eurocrats" see the US as an "ally" is because the FED agreed to currency swaps with ECB, back in 2009. That process is still on-going "as needed", and saved the bacon of quite a few Euro banks ever since... For all Draghi's grand-standing, the ECB would be royally fucked without the FED swap lines. At least the Japanese acknowledged who their real master is... We are paying for all these "allies" with our taxpayers money !
lol. and you believe that? samjam wrote: "this marriage has been abusive...", and you seem to think it's Europe abusing, eh?
first little thing: in which direction do you think that the empty containers flow? second little thing: do you think Nixon shocked... Americans? They were not even allowed to hold gold
"the ECB would be royally fucked without the FED swap lines"
the ECB was lending all those dollars, to megabanks that desperately needed... dollars. for dollar deals. now think a moment about that
Cut the BS, please ! We all know what the collateral from all those megabanks is worth. ECB took a lot of shit in its books, and won't be able to get rid of it in any meaningfull way except for a write-off. It saved its beloved banks with taxpayer money, a good chunk of it being US taxpayers money...
angel of joy, you don't seem to know much about what you are writing here
the swap you are talking about was reversed. do you know that?
did I write Washington? I wrote America
the idea, the ideals, the people, the spirit, the dream, the daring...
Vassals? Strange word, that. First living person that is a proud vassal of somebody that comes to mind to me is Prince Philip of Britain
is that a request from Washington to treat the US as Philip treats his wife?
"Why can't Europenas be free?"
Becuase they can't defend themselves.
They spend what they have and more in socialist "wet dreams" and then don't have any resources left for a credible military.
They depend on the US to defend them.
do we? from whom? Russia? or Russia and China?
just a few numbers: the EU countries have one point five million soldiers
the eurozone countries spend twice the money for weapons as Russia, the EU countries three times that
I'd approve, but only if he will take SF, DC and NYC along with PR.
Now if only Putin would chime in and say he's willing to take both PR and Greece.
Including ALL of Congress but especially Pelosi, Boxer, Shumer et al
Welcome komrad Boxer and conrag Pelosi. Now STFU.
"This may be the first time in recorded history that a German has displayed a sense of humor..."
Oh please. You're talking about the people that produced the BMW Isetta. You want humor? Imagine the sheer humiliation and terror of taking one of those out on the road!
https://en.wikipedia.org/wiki/Isetta
P.S. Note: In Germany humiliation and terror is considered a vital component of good humor. This explains a lot, by the way...
It's not a sense of humor, it's Schäuble very politely telling the US to mind the Monroe Doctrine.
He's also trying to fight the IMF and Tusk, who have both suddenly come under US influence. He sees that Washington has turned against him, and he's telling the US to stay out of European affairs. But, he's being very nice about it, since he's been very pro-US and doesn't want to alienate the US over Greece.
Hitler was very humorous too during his press-conferences
Oh it would be so worth seeing how the Germans would handle PR.
Dude the almighty FED could just print them into solvency and add it to the what, ~$17 tillion national debt.
"We the people: first we take Manhattan, than we take Berlin."
I thought Leonard Cohen was one of the Bansters or perhaps it was just the Cohen that confused me?
To the ZWO gods on earth, countries are like playing cards and the people in them are cattle, put here to be their slaves.
"give me control of a nations money and I care not who makes the laws".
- M. A. Rothschild, ZWO ponzi scheme founder.
IF the Feds gave me a money printer, I could take both actually and resolve the problems for US and Germany!
What say?
Deal, no deal?
... you don't need a money printer ... with that moniker "Dubaibanker", just open the massive safe and you could probably buy Puerto Pobre ... ;)
Sold!
Send papers for all the Puerto Ricans living in NYC.
^^^
wait, which one's which?
Show a picture of the North West coast of PR.. Rincon, Aguadilla, Isabella, etc... You might change your mind.
HH, the comparison looks unfair, but wait until you get the bill.... If Lew falls for that, you're bust within 2 years guaranteed. Think NYSE/NASDAQ extended holiday and then bank holiday coming your way.
Still way better than Detroit, USA.
they dont take the Puerto Ricans just the land
Interesting proposition. Where does the US get the money? opps, lost my head, just print more paper, 20 trillion or 30 trillion, it can never be repaid anyhow!!
Greece is not yours to give away, Schnauzer
Schaeuble needs his hub caps stolen, I guess.
PUERTO RICO GREECE
makes some nice anagrams
Occupier Tee Roger
Coco Retiree Purge
Greece Recoup Riot
Creepier Court Ego
pass the trash
Now THAT'S funny!
It's also highly irregular from a diplomatic point of view.
these fuckers think that they can simply trade nation states away, just like their "paper".
they are not trading nation states, they are trading people away just like their "paper", and it's always been like this. Past the initial generation or two of a revolution, those who would have otherwise been in power find their way back in power. Doesn't really matter what the system is.
My thoughts too, these are people not property in a monopoly game... at least in theory.
What a world it might be if people were wired decent enough to self-govern and cooperate to get the big stuff done. What a world it would be if each person realized they could do that themselves right now. TPTB worst fear.
"Viahj," I am sorry to say is a blundering fool, and he has followers just like Tsipras and Syriza. Cue up P.T. Barnum!
Total misread of what is going on... struck out with the bases loaded looking at a "heater" right down the middle of the plate.
German Finance Minister Schaeuble's retort was a direct message to Obama through his amateur surrogate, Jack Lew, saying "You have your own problems to address, so do not lecture us!"
The funny thing is that Obama (and Lew) should have known the Germans are well aware of the Puerrto Rico fiasco from all the spying and eavesdropping the U.S. is doing upon its German "ally."
Carl, this is uncle Sam. He can have problems AND lecture at the same time. We all know that.
Wheres's the /SARC????????
YOHOHO AND A BOTTLE OF RUM!
15 MEN ON A DEAD MANS CHEST BITCHEZ!!
We need central bankers as much as we need a stiff case of Ebola....
Unfortunately, all of the productive Greeks already came to the U.S. Otherwise, I would welcome the proliferation of diners in Delaware. New Jersey is chock full of them.
SCHAEUBLE: OFFERED LEW TO TAKE PUERTO RICO IF US TAKES GREECE
NSA spying on Schaeuble has not been enough to shut him up? Apparently, it has been enough to make Merkel toe the American line
Schaeuble is one tough monkey, they say he chewed off his own legs on a bet.
Bad cop Schaeuble is toeing the american line... at Germany's peril. This is lining up right with American interests.
German industry has greatly benefited by having the southern states there to keep their exports cheap.
Destabilizing Europe and more importantly, the Euro, does wonders for the dollar's reserve status at a critical time with the BRICS bank starting up.
The german electorate is more foolish than I had ever thought by thinking someone like Schaeuble is a patriot. He is single-handedly destroying German industry as well as the only viable competitor the dollar had up to this point.
It's no wonder then that the IMF was urging him to take a tough line on Greece.
This is all going to end very badly for the europeans. Especially the industrial north. Unfortunately Greece will get the blame because they have no Farage or Hannan or Le Pen to expose how they're being manipulated into covering for the North's mismanagement.
Clicked on the header article about Obama/Greenspan/gold and it didn't open then it disappeared...wth?
so now we're trading bankrupt countries like baseball cards. pretty funny shit from schauble. lew shudda took the deal - greek women are hotter.
When it's no longer about the money - it's about the power - G Edward Griffin. If one is an average Greek or an average Puerto Rican then that person should be resoundingly angry at being made a pawn in these cocksuckers' minds - just like most of the globe should be as well.
A proper Nazi. Crippled in Body & Mind.
Did anyone ask Greece about this? Oh wait, that's right they have no sovereignty left to be concerned with. Just another whore going to the highest bidder.
Corporations are people and people are property.
historically, being sovereign and being flush are, generally speaking, contradiction in terms
there was a referendum, wasn't there?
There were some EU related referenda in France and Ireland, not so long ago. It didn't help much, from what I remember...
GRIECO REEKO
GRIECO REEKO
had to leave office when reading Schauble's proposal...
Not sure he was kidding coz Germany can't fend off Russia taking Greece.
Trade Grease for Puerto Rico Rum..no way..
Q99X2 has a solution. Iceland, Puerto Rico and Greece will form a free trade partnership agreement a union of bankster freed states that will all use open source crypto-currency and begin replacing their governments with democratic open source software applications.
Now that the Vampire Squid/GS has made oodles of money, and enough powerful EU banksters have delevaraged the Greek exposure from their Portfolios, Hitlery's sidestepping retort applies: "How does it matter anymore?"
Greece can now be allowed to become an Excommunicated and a Failed State -- as long as it becomes a Template and be made an example for others in the EU, who would dare to resist the Scorched Earth Politics of the Central Planners. Seems to be the goal and M.O.
Well at least Goldman Sucks made out and got a few billion for their participation.
If the Greeks ever wake up or at least their leaders do and figure out the only way to win is not to play. They will succeed. Nationalize the Banks and back the Currency (hard money) they will of coarse need to cut a lot of Gov't programs in the short run. Their will be pain but they will see gains.
It's a joke, wheeeew
that's what I like about Wulfie Schäuble -
his excellent sharp wit and the exquisitely sardonic german sense of humour,
that hits the target every time.
a true ACE
WR;)
He's just an arrogant "arschloch". See below:
Germany's Schaeuble rejects 1953 debt comparisonSchaeuble's rejection of comparison is only natural. It is as if you ask the Greeks if they want their debt to be forgiven...
Funny, I do remember that Germany considered it was entitled to start a full blown (second) world war, only 20 years after losing the first. I'm pretty sure that at least one of the reasons invoked was related to "onerous debt" (as in war reparations). The arrogance expressed here is offensive enough, but when combined with hypocrisy it gets downright disgusting...
Great trade.
Arogant bastard !!!!!!!!!
Went to a conference lunch presentation given by an investment banker in 2004. Someone in the audience asked about the Iraq war. In a candid moment, the banker told the audience not to get offended, but he said that Iraq was like a chess piece. Several audience members were offended that he could even suggest such a thing. This was about Our Freedoms and Good vs. Evil. Looking back now at the last 15 years since 9/11, it's become so glaringly obvious that everyone and everything is just a chess piece. It's been the case for a long time, but it's never been more obvious.
It's only a chess match if it is recognized as such by the players.
Tsipras doesn't play chess. Neither does Merkel, or Obama, or any other democratically elected civilian leaders.
Goldman Sachs plays chess. So does Moynihan and Dimon. Vlad plays chess, as does General Sisi in Egypt.
The mullahs in Iran have a great game going now with Obama, but Obama thinks it's a negotiation.
Cunt should be in Guantanamo, which he supports.
Aww, come on, surely it's bad enough for those in Guantanamo (That have neither been tried or convicted of a crime) without putting that silly old cunt in there with them?
Yes Pliskin only the most discerning of Arms Dealers finance his party.
Just for those who didn't figure it out, Guantanamo's real purpose was to train the upper echelon ISIS/ISIL leadership, not to isolate "dangerous terrorists". The more hands-on training took place in Jordan and Turkey.
Remember that the US let go a huge number of detainees at Guantanamo a while back - just a few months before ISIS/ISIL made its appearance?
Yes Flap and hence Barry's promised disclosure non-closure until the FleeSillyArmy commanders had enough Cuban cigars banked. Not to mention the kick-backs from the public Purse in keeping it open. WIN/WIN s/c
If you really want to punish him, put him in a Chicago or Detroit area prison.
Just for shits and giggles - let's also throw in Washington, DC to kinda sweeten the pot.
We might have to pay to give that one away . . .
Don't get blinded by Schäuble - he made business with a criminals -
https://en.wikipedia.org/wiki/CDU_donations_scandal
never forget this! He is one of the biggest gangster himself and he is constantly under medication.
Sounds like the modern day Clintons.
All politicians are:
Liars
Crooks
Traitors
Now get over it. And quit voting, period.
HEY SCHAEUBLE, you say that now as a joke but the joke is on you because nobody was stupid enough to lend puerto rico 350B euros. hahahahahahaha!!!
lol... my laff of the morning.
when do they sign the agreement.
Pliskin proposes a trade: China takes Greece, and Russia takes Germany.
hell i'd trade germany for kamchatka
I'd go with the Greeks.
It'd cost more but they have a whole island dedicated to girl on girl action and better food.
It seems the German government is really getting into the New Kaiserreich thing: now they're looking for Germany's new place in the sun! Attention Willambanzai7... ;)
Any American against this trade has either never been to PR or has never had one live next to them.
A straight swap of Puerto Rico debt for Greek debt? No way. PR owes less and we'd have to guarantee hundreds of billions more for Greece. Let the Germans keep that debt and try to collect, if possible.
Blood from a stone . . .
"Let the Germans keep that debt and try to collect, if possible."
The keywords were "if possible." The huns are good at starting conflicts, but the conflicts always end with the germans on their knees weeping like little girls.
https://goo.gl/AgTCFE - Bernie Sanders isn't going to save America, for that matter, neither is Rand, but I'd take Rand's medicine over Bernie's. I'm getting my blog some exposure, please don't fret if you have seen this
And with that one statement Schäuble says "FUCK THE USA" with a dagger to barack oblowhard's bullshit.
Schäuble is spot on.
His message: Shut up preaching - you Anglo Saxon fuckers.
Excuse me, that's "Bunglo Saxon".
where is Varoufakis when Greece needs his chaos theory plan ?
or can Tsipras manage to ruin the Greek economy on his own ?
what sort of collectivist Game Theory Plan will he use to seduce North Korea this time ?
North Korea is shivering with anticipation, because if this fails again
all the usual suspects including Tsipras will all be summarily executed !
your Supreme Leader:
Kim Jong of the UN
I heard he made a similar offer to Putin, Greece for the Crimea ... and to Secretary Xi, Greece for Macao.
There should be a north euro and a south euro so that Germany is higher currency and stop leaching off the PIIGS to get a trade advantage.
Puerto Rico looks like K & A in North Philly except with an Ocean. I'll take Greece for the win.
Never trade 4 million deadbeats for 11 million.
That goes to show, Germany only offers shit deals. No wonder Greece is like this now.
No WAY!!
hahaha! That is absolutely hilarious!
"Granted, this is a joke, but still:"
bugger
Despite everything unfair which has happened to Greece, it does show very little willingness to undertake those reforms which are essential for it to become a viable economy.
Welcome to Puerto Greeko!
It may be a joke...
But some should ask... what is the thinking derived from to come up with a joke like that?
Oh that's right... it comes from an asshat who likes lording over countries and territories and believes in some way they have the power and the right to make such determinations as swapping them.
The German mentality is that of ownership over Greece.
...and doing so right after the Greeks made it resoundingly known that they don't want his lordship.
The rest of the EU countries should take note... I'm sure he could be put in a position where he wants lord over the rest of the EU countries.
Glass-Steagall their asses.
I'm reading it as mutual poisoning of relations, to make sure the grexit occurs.
Leave it up to a politician to give and take nations at will,
regardless of the feelings of those who populate said nations.
It's far past time that we stand up and fight against the NWO/Globalist elites who seek only power, money, and control
over the peoples of each nation.
SCHAEUBLE: OFFERED LEW TO TAKE PUERTO RICO IF US TAKES GREECE
The key to the whole tragicomedy is Goldman Sachs. Jack Lew is Goldman Sachs, the Bundesbank is Goldman Sachs and Wolfgang Schaeuble quarterbacks for Goldman Sachs.
Schaeuble’s remark is “funny” but tragic in that underneath lies the truth and the power; these are the rulers, the bankers with the Bundesbank competently representing its owner, Goldman Sachs. And the two jokers, Schaeuble and Lew, have the power to bring down nations: cases in point, Greece and Ukraine.
It was just last month that George Soros assured President Poroshenko that his takeover of Ukraine could be helped by the Fed because his “first priority must be to regain control of financial markets’ -
Soros adding: “I am ready to call Jack Lew of the US Treasury to sound him out about the swap agreement.” (Zero Hedge, “Hacked Emails Expose George Soros as Ukraine Puppet-Master,” 06-02-2015)
Goldman Sachs (the NY Federal Reserve Bank) has taken over.
http://www.zerohedge.com/news/2015-06-01/hacked-emails-expose-george-soros-ukraine-puppet-master
NOTE: When the big banks were knee deep in the housing crisis profiting from every move, Jack Lew was at the center of this activity, profiting and making decisions.
Glenn Greenwald had the facts in 2012 on Lew: here is a quote:
“In 2010, Lew became head of the Office of Management and Budget when Peter Orszag left and then, a couple months later, accepted a multi-million dollar position as a high-level Citigroup official. Lew has spent many years in various government positions, but he has his own substantial ties to Citigroup. Here is what Lew was doing in 2008 at the time the financial crisis exploded, as detailed by an excellent Huffington Post report from last year: [Lew] oversaw a Citigroup unit that profited off the housing collapse and financial crisis by investing in a hedge fund king who correctly predicted the eventual subprime meltdown and now finds himself involved in the center of the U.S. government’s fraud case against Goldman Sachs."
And we all know how that turned out.
You mean Lew didn't include this in his curriculum vitae? Maybe if he had, the Treasury Sec job probably would have went to Jon Corzine.
surprised Putin hasn't found Soros and launched an ICBM up his ass
Nahhh, Putin doesn't have to. Soros is self-destructing because he invested heavily in Ukraine bonds. That's why he is crying to US Congress to pour more money down that bottomless pit.
Obama named 3 Jews in a row to head the OMB, as he also appointed Jews to head the Fed, Treasury, Commerce,
the National Economic Council
https://en.wikipedia.org/wiki/United_States_National_Economic_Council
council of economic advisors
https://en.wikipedia.org/wiki/Council_of_Economic_Advisers
importantly for trade agreements - office of the US Trade Rep
https://en.wikipedia.org/wiki/Office_of_the_United_States_Trade_Represen...
and on and on and on...
But...
VALERIE JARRETT PROVES HE IS A SECRET MUSLIM BENT ON DESTROYING ISRAEL.
And Mexico will take California and China will take the Spratly Islands and ISIS will take Iraq and Japan will take Manchuria and Russia will take Poland, have a nice day.
Or - perhaps move the Israelis to Greece and the Greeks to Israel.That puts some space between Israel and Palestine. Israel knows how to make money. The Greeks can inherit the US Aid currently going to Israel. Everybody wins.
Many a truth be told in gest, The Germans own a shitload of Puerto Rican debt, Venezuelan debt, Brazilian debt, and Mexican debt all bad, they were investing for "political purposes", not an actual return on investment.
BTW remember City of Bell CA? They own a tens of millions of that mess too along with a whole lot of other CA's "diverse immigrant cities" that have no revenues other than welfare.
Seems like the German govt made a conscious decision to invest it's worker's surplus earnings in global mass immigration and those Socialist entities friendly to it. http://www.reuters.com/article/2015/02/24/usa-municipals-bell-idUSL1N0VY...
Exactly WHICH Mexican debt is bad ?
Those guys without the badges.
Thank God one european politician dares to say to Obama "stop interfering in Europe business, take care of your home".
@ victorher: Hey, wait a minute! Let's fix the US first before we start dumping money into Kenya!
Schaeuble might be a little late to the table. Greece may go to Russia. But that's OK, you can have Puerto Rico anyway.
With Greece comes a lot of international shipping business which could be forced into dollar denominated trade--Petrodollar exists, Create Shitdollar--ooops, I meant Shipdollar--- Added way for Lew/Yellen to combat the "BRICBANK"
Greece bailout would mean a Nato/US air and sea base comes along with the deal. This would be beneficial considering an ever increasing "contrary islamic Turkey", and close in proximity to Syria, Libya, Ukraine. Any fly-overs to Iran would only need deals --or---we dont give a shit from Syria Isreal Iraq. It also kind of "locks up" the Black Sea". Greece has a lot to offer the highest bidder and that is what is probably going on behind all the poker faces and lies in the media.
Someone need to give Schaeuble one of those WWI German infantry helmuts with the spike on top, for him to wear during his pressers.
A Bismarck helmet...go ahead Schauble, try it on...oh yes, it's YOOOUUU! Now crack your heels together and goose-step on out there, your fans are waiting!